Category : Search result: energy sector


NextStar Energy Pivots to Energy Storage in Windsor

NextStar Energy is shifting gears at its Windsor, Ontario plant to manufacture energy storage batteries, adapting to the slowing electric vehicle market while maintaining its commitment to clean energy technology.

Windsor Battery Plant Pivots to Energy Storage

As electric vehicle sales cool, Windsor's massive battery plant pivots strategy to capitalize on the booming energy storage market, securing Ontario's position in the green economy.

Saga Metals Advances Uranium Project as Market Booms

Saga Metals advances its strategically located Double Mer Uranium Project in Labrador as uranium market fundamentals strengthen, positioning the company to benefit from growing North American nuclear energy demand.

SM Energy and Civitas Merge in $12.8B Shale Deal

Two prominent U.S. shale producers, SM Energy and Civitas Resources, announce a landmark $12.8 billion all-stock merger, creating a dominant force in the American energy landscape and signaling a new wave of industry consolidation.

NextStar Energy Expands Windsor Battery Plant

NextStar Energy is supercharging its Windsor operations with a major facility expansion to meet skyrocketing demand for grid-scale battery storage across North America.

Imperial Oil sells Calgary HQ, cuts hundreds of jobs

Imperial Oil Ltd. has struck a deal to sell its massive Calgary headquarters as part of a global restructuring that will eliminate hundreds of positions in the city, marking a significant shift for one of Canada's energy giants.

Oil Steadies as U.S. Reimposes Venezuela Sanctions

Global oil prices found stability as the U.S. reinstated sanctions on Venezuela's oil industry, creating new uncertainty in energy markets while Middle East tensions continue to simmer.

Canada's Nuclear Crossroads: Powering the Future

As global electricity demand surges, Canada faces a critical energy dilemma. Can nuclear power bridge the gap between climate goals and energy security? Experts weigh in on the nation's atomic advantage.

Cenovus-Husky Merger Vote Delayed Another Week

The crucial shareholder vote on Cenovus Energy's massive acquisition of Husky Energy has been postponed for another week, creating uncertainty in Canada's oil and gas industry during turbulent times.

Shell Beats Estimates with $7.7B Q2 Profit

Royal Dutch Shell delivers powerhouse Q2 2023 results, crushing analyst forecasts with $7.7 billion profit as strategic shifts and LNG demand fuel financial triumph.

Cenovus-MEG Energy Deal Delayed Over Regulatory Inquiry

A crucial shareholder meeting to approve Cenovus Energy's $3.8 billion acquisition of MEG Energy has been postponed amid regulatory scrutiny from Canadian authorities, creating uncertainty in Alberta's oil sands sector.

Federal Minister on Bail Reform & Pipeline Future

Exclusive insights from Canada's federal minister on urgent bail reform legislation and the potential for future pipeline development in Alberta. Key policy updates affecting justice and energy sectors.

Shell Outperforms TotalEnergies in Q2 Earnings

Shell delivers stronger-than-expected quarterly profits while TotalEnergies falls short, as both energy giants navigate declining oil and gas prices in current market conditions.

Canadian Oil Sands Outshining U.S. Energy Peers

A new report reveals Canadian oil sands companies are gaining competitive advantages over U.S. shale producers, with lower decline rates and stronger financial performance attracting investor attention.

Trump: Climate Change is Hoax After Gates Comments

Former President Donald Trump seizes on Bill Gates' remarks about clean energy costs to declare climate change concerns a 'hoax,' igniting fresh debate over environmental policy and renewable energy transition.

Burnaby Refinery Shifts to US Control in $9.1B Deal

A major Canadian energy facility is changing hands as Calgary-based Parkland Corporation sells a significant portion of its business, including the Burnaby refinery, to American multinational Sinclair in a transformative $9.1 billion deal that reshapes We

Parex Resources Proposes GeoPark Acquisition

Canadian energy company Parex Resources announces strategic proposal to acquire GeoPark while revealing substantial 11.8% ownership stake, signaling major consolidation in Latin American oil and gas markets.

Canada accelerates clean energy while backing pipelines

Canada is navigating a complex energy transition, rapidly expanding clean electricity while continuing to support fossil fuel infrastructure. Discover how the country plans to achieve net-zero grid by 2035 amid ongoing pipeline projects.

Saskatchewan's $7B Nuclear Energy Breakthrough

Saskatchewan embarks on a transformative $7 billion nuclear energy partnership with Ontario Power Generation, positioning the province as Canada's next clean energy leader while creating thousands of jobs.

Global Solar Boom: Installations Surge 85% in 2023

The world is experiencing an unprecedented solar energy revolution as installations surge by 85% to 444 gigawatts in 2023, transforming global energy markets and challenging fossil fuel dominance.

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